CIT Group, Inc. New Common (CIT)

[I-Man]

CIT BK major con job on shareholders!!!

NOTHING has changed now with this company except every shareholder from preferred to common was wiped out. The debt is still there and more now with 2 loans granted prior the actual BK hearing. CIT lost more customers too in this mess, and NOTHING is changed for the better except all previous shareholders gone. Why?

This stock makes no sense at such price as everything is still the same as it was prior the BK except former stock shares were wiped out making no sense!! CIT has lost business and hence, cashflow not yet reported publicly...

Anyone else waking up out there questioning all of this, as if the same conditions exist now as they did prior the BK, then why the heck is the stock price at this level instead of 10 cents or so???? Why was the BK even allowed as it did no good and the bondholders stood to make more $$$ (90% vs 70%) in the exchange offer instead of this wiping out of all shareholders like they did...

ALL the problems exist here as previously and nobody seeing this but me!!??